How Is USD Yield Calculated on Pluang?

Pluang calculates USD Yield from your average daily balance across a full calendar month, using the formula Monthly Yield = Average Daily Balance × (APY ÷ 360) × Days in the month. The balance counted each day is the one recorded at the 10:00 WIB daily cut-off, and those daily figures are averaged across the month to produce the average daily balance. The APY is the annual rate for your membership tier, and the calculation runs on a 360-day year rather than 365. Because USD balances are tracked to two decimal places, the resulting yield is rounded down to the nearest cent. Yield is paid on the 5th of each month for the previous month's balance. Once credited, it becomes part of your USD cash balance, so it counts toward the following month's average daily balance in the same way any other balance does.

• Formula: Monthly Yield = Average Daily Balance × (APY ÷ 360) × Days in the month.
• Daily cut-off: 10:00 WIB — the balance recorded at that moment each day is the figure used.
• Averaging: Those daily figures are averaged across the whole calendar month.
• Day-count basis: 360 days, not 365.
• Rounding: USD balances are tracked to two decimals, so yield is rounded down to the nearest cent.
• Payout: Paid on the 5th of each month, covering the previous month's balance.
• Compounding effect: Credited yield becomes part of your USD cash balance and counts toward the next month's average.

Related questions:

Q: What is the exact formula, with a worked example?
The formula is Monthly Yield = Average Daily Balance × (APY ÷ 360) × Days in the month. For a Regular user with a $1,000 average daily balance across a 30-day month at 0.63%: $1,000 × (0.63% ÷ 360) × 30 = $0.53. That $0.53 is credited on the 5th of the following month. Over a full year on the same balance and rate, the accumulated total would come to roughly $6.30.

Q: How does the calculation differ for a Pluang Plus member?
The only variable that changes is the APY. For a Pluang Plus member with a $10,000 average daily balance across a 30-day month at 3.38%: $10,000 × (3.38% ÷ 360) × 30 = $28.17, credited on the 5th of the following month. Everything else — the 10:00 WIB daily cut-off, the averaging method, the 360-day basis, and the rounding down to the nearest cent — works exactly the same way.

Q: Why does the 10:00 WIB cut-off matter?
Because that is the moment each day when Pluang records the balance figure used in the monthly average. A balance topped up shortly after the cut-off does not count toward that day's figure, but it does count from the next day onward. Over a full month the effect of any single day is small, but if you are planning a large transfer, moving it in before the cut-off gets it counted a day earlier.

Q: Does the yield I receive earn further yield?
Yes, in effect. Once yield is credited on the 5th, it becomes part of your USD cash balance rather than sitting in a separate pot. From that point it is treated like any other balance in your withdrawable USD cash and is included in the daily snapshots that build the following month's average daily balance. So provided you leave it in place, it contributes to future yield calculations in the normal way.